Economy
Lagos Governor Sanwo-Olu Unveils 30-Year Growth Plan, Eyes Global Investors
Lagos Governor Sanwo-Olu Unveils 30-Year Growth Plan, Eyes Global Investors
Lagos Governor Sanwo-Olu unveils 30-year growth plan, eyes global investors. He said Lagos remains Nigeria’s economic heartbeat.
Gov. Babajide Sanwo-Olu of Lagos has pledged to collaborate with investors, multinationals, agencies, foundations, and innovation hubs to build a globally respected 21st-century economy.
Mr Sanwo-Olu, represented by his deputy, Obafemi Hamzat, made this known on Wednesday at the second edition of the Lagos Investment Summit.
The three-day summit is with the theme: ‘Scaling Action: Bold Solutions Towards Making Lagos a 21st Century Economy.’
The governor unveiled the state’s 30-year growth agenda and a deal book containing de-risked, investment-ready projects in key economic sectors.
He outlined a strategic blueprint based on infrastructure growth, energy independence, human capital, economic diversification, and governance reforms.
“The Lagos of today is dynamic and determined. But Lagos of 2052 must be strategically governed, deliberately shaped, and courageously built,” the governor said.
With over 25 million people, he said Lagos remains Nigeria’s economic heartbeat and a vital launchpad for West Africa’s innovation and ambition.
Mr Sanwo-Olu said the state’s reforms aim to make Lagos Africa’s most investor-friendly destination through unified and consistent policy initiatives.
He noted that the Lagos State Investment Promotion Agency (LIPA) has been strengthened to serve as a one-stop investment and post-investment support hub.
Through digital tools, land reforms, tax simplification, and PPP frameworks, Lagos is removing red tape to ease investor engagement.
These efforts, he added, are creating a smooth interface between the government and potential investors.
“In this spirit, we present the Lagos Investment Deal Book, featuring vetted, de-risked projects ready for investment across diverse sectors,” he said.
Each project listed is commercially viable, aligned with policy priorities, and ready for implementation.
The summit will also host deal rooms to connect project owners, financiers, development institutions, and government agencies.
“Lagos is open for business. We will not wait for the future—we are building it with resolve, clarity, and courage,” Mr Sanwo-Olu stated.
Folashade Ambrose, commissioner for commerce, cooperatives, trade and investment, urged global investors to participate in Lagos’ transformation.
She said the summit marks a shift from concepts to action and from isolated deals to systemic investment alignment.

Sanwo-Olu
Mrs Ambrose described Lagos as Africa’s commercial heartbeat and a top destination for industrial and economic innovation.
Every reform in the state, she said, is aligned with pillars promoting scale, quality, inclusion, and sustainability.
“This summit is a crucial step towards achieving the ambitious Lagos 2052 vision,” she said.
Mrs Ambrose added that tax harmonisation, land digitisation, and business-friendly reforms show Lagos’ pro-investor, agile governance approach.
She reaffirmed her ministry’s readiness to support investors through every stage of their journey in Lagos.
The commissioner said LIPA will ensure aftercare services, regulatory support, and streamlined navigation of the state’s investment landscape.
Abuja
Strike: Normalcy Returns At FCT Secretariat As Workers Resume
Strike: Normalcy Returns At FCT Secretariat As Workers Resume
Strike: Normalcy returns at FCT secretariat as workers resume. The FCTA secretariat is bustling with activities as normalcy returns after the suspension of the planned solidarity protest by labour unions on Tuesday.
The secretariat of the Federal Capital Territory Administration is bustling with activities as normalcy returns after the suspension of the planned solidarity protest by labour unions on Tuesday.
The protest was suspended after a truce was reached between FCT minister Nyesom Wike and the labour unions in the early hours of Tuesday.
The workers, who resumed work on Monday, were seen carrying out their activities and providing various services.
A visit to some offices in the Minister’s Block, the Treasury Department, the Federal Capital Development Authority, the Abuja Geographical System, and others on Wednesday showed that workers were at work, carrying out their duties.
The FCTA workers under the Joint Union Action Committee had on January 19 embarked on industrial action over unresolved welfare concerns.
The strike, however, was halted by a ruling of the National Industrial Court on January 27, which ordered the workers to resume work, a decision that didn’t sit well with the union leaders, who insisted that the strike must continue.
A truce was reached after several hours of meeting, from late night Monday to the early hours of Tuesday, between the union leaders, officials of the FCTA, Mr Wike, and the chairman of the Senate Committee on FCT, Mohammed Bomoi.
Reacting to the truce, the minister told journalists after inspecting some ongoing projects in Abuja on Tuesday that there were no winners or losers.
He expressed delight that the union leaders have seen the realities on the ground, which have helped to clear misconceptions.
“I’m happy that the trade union and labour congress came to see things for themselves. Sometimes it’s good. What they were told is not really what’s on the ground.

Wike
“But by and large, we have had a good meeting, and they’ve directed the workers to go back to work, which you can see has been done. So, we’re happy that at the end of the day, there is no winner, no loser. It’s in the interest of Abuja to progress,” he said.
The organised labour had on Tuesday resolved the dispute between JUAC and Mr Wike, leading to the immediate resumption of work by affected employees.
A circular, jointly signed by the secretary-general of the TUC, Nuhu Toro, and the acting general secretary of the NLC, Benson Upah, stated that the minister assured labour of mutual respect and sustained engagement on labour-related matters in the FCT.
It said the parties also agreed that no worker would be victimised for participating in the strike action and that all outstanding cases at the National Industrial Court would be withdrawn immediately.
Following the agreement, the NLC and TUC directed all affected workers to resume duty without delay.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
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